by Adrian Barklay
May 17, 2020
- Even in today’s climate, human trafficking is something that needs to be dealt with.
- Crypto companies and law-enforcement agencies are now collaborating to fight this disgusting offense after the ATII launched a consortium of cryptocurrencies.
Human trafficking is a very real crime that goes on in all corners of the world. Even in today’s climate, human trafficking is something that needs to be dealt with. Crypto companies and law-enforcement agencies are now collaborating to fight this disgusting offense after the Anti-Human Trafficking Intelligence Initiative (ATII) launched a consortium of cryptocurrencies last month.
This new consortium aim is to fight human trafficking by looking into the data generated through cryptocurrency transactions. The chair and founder of the initiative, Aaron Kahler has said that the movement launched its antitrafficking crypto consortium in April with the aim of bringing together leaders of an industry in the crypto world to have a piece of standardised information related to human trafficking. He further went on to say:
“We’ve seen a lot of data on drug trafficking, crime, terrorist financing, ransomware and more, but the world doesn’t have enough information on human trafficking.There is so much of this going on in today’s dark market, a place where we also see a lot of crypto transactions happening.”
According to Aaron, crypto companies and intelligence organisations are teaming up in order to raise awareness for human trafficking. This includes child abuse and sex trafficking which are two things Kahler believes there isn’t enough attention on considering how serious issues are.
For ATCC, the main goal is to get platforms and law-enforcement to legally share data on human trafficking and child exploitation. Speaking to Cointelegraph, Kahler says the following:
“We are starting these types of conversations and relationship within the consortium through the building of typologies, red flags and other identifiers and investigation techniques to begin practicing corporate social responsibility around anti-human trafficking and encouraging the rest of the industry to do the same.”